2. Questions Bank
  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    Devaluation and depreciation of currency are one or the same thing.

    A) True

    B) False

    C) Partially true

    D) Incomplete statement

    Correct Answer: B

    Solution :

    Both devaluation and depreciation means decrease in the value of domestic currency however, devaluation is a component of fixed exchange rate system while depreciation is component of floating exchange rate system.


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